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EQT Corp. pages available for free this week:
- Common-Size Income Statement
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Calculation
Debt to equity | = | Total debt1 | ÷ | Common shareholders’ equity1 | |
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Dec 31, 2021 | = | ÷ | |||
Dec 31, 2020 | = | ÷ | |||
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Dec 31, 2010 | = | ÷ | |||
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Dec 31, 2008 | = | ÷ | |||
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Dec 31, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Total Debt
- The total debt of the company exhibited a fluctuating but generally upward trend over the observed period. Starting at approximately 1.13 billion US dollars in 2005, debt decreased to around 899 million in 2006, then rose sharply to over 1.57 billion by 2008. It continued to climb to a peak of about 3.29 billion in 2016, after which there was a significant jump to over 7.33 billion in 2017. Following this peak, total debt declined, settling slightly above 5.48 billion by 2021. This pattern indicates periods of aggressive debt accumulation, particularly in 2017, followed by partial deleveraging or stabilization.
- Common Shareholders’ Equity
- Common shareholders’ equity showed a consistent and substantial increase throughout the years analyzed. Starting from approximately 354 million US dollars in 2005, equity grew steadily year-over-year, reaching over 13.3 billion by 2017. After peaking in 2017, equity declined moderately in the subsequent years, but remained elevated at just above 10 billion by 2021. This long-term increase indicates strong capitalization and reinvestment within the company, although the decline post-2017 suggests some equity contraction or share repurchases.
- Debt to Equity Ratio
- The debt-to-equity ratio demonstrated a clear long-term downward trend from 3.19 in 2005 to a low of 0.50 in 2018, reflecting a significant improvement in the company’s leverage position relative to equity. The ratio initially dropped sharply between 2005 and 2006, reaching below 1.0, and then continued a gradual decline through 2018. From 2018 to 2021, the ratio remained relatively stable, fluctuating slightly around the 0.53 to 0.55 range. This trend suggests enhanced financial stability and a more balanced capital structure over time, despite the rise in total debt levels.
Comparison to Competitors
EQT Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
EQT Corp. | Oil, Gas & Consumable Fuels | |
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Dec 31, 2021 | ||
Dec 31, 2020 | ||
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Dec 31, 2005 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
EQT Corp. | Energy | |
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Dec 31, 2021 | ||
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).